Can I Make Pre-Tax Contributions to My HSA?

Yes, you can make pre-tax contributions to your Health Savings Account (HSA). When you contribute to an HSA through payroll deductions, those contributions are made on a pre-tax basis, meaning the amount is deducted from your paycheck before taxes are calculated. This can provide you with tax savings and maximize the benefits of your HSA.

Absolutely! Contributing to a Health Savings Account (HSA) on a pre-tax basis is one of the best strategies for tax savings. When you opt for payroll deductions, not only do you lower your taxable income, but you also boost your HSA balance to cover eligible medical expenses without the burden of taxes.